Maya bought a car of Rs. 4,50,000. Next year the price went upto rs. 5,00,000. What was the percentage increase.
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Price of the car last year = 4,50,000
Price of the car this year = 5,00,000
Percentage of increased price = ?
Increase in price = 500000 - 450000
Increase in price = 50000
Percentage of price increase =
11.1%
The percentage of increase in price is 11.1%.
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